Premium Brands Holdings Corp T.PBH

Another Earnings Assessment

[retiredcf]

Aside from Defiance, I'm pretty much talking to myself here (athough a least a few people are reading). GLTA

PBH reported first-quarter 2022 sales of $1.25 billion, representing a 23.9% increase compared to 1Q21, beating market estimates of $1.23 billion. EBITDA came in at $95.8 million, while EPS of $0.88 was reported, both beating market estimates. Management maintained the 2022 guidance and reiterated confidence in the five-year plan set in 2018 of achieving $6 billion in sales and $600 million in adj. EBITDA by 2023. It was an average but positive quarter given the history of more beats than misses. Inflation has mostly been passed through to customers, sometimes in real-time and sometimes on a lagging basis. Given the ability to pass on inflation, PBH has the ability to withstand short-term margin compression, but retain margins and/or improve in the long run. It is 18X earnings now, very much at the lower end of its historical range. (last Tuesday from 5iResearch)

 

[Defiance2050]

Thanks for posting these in all the various boards. Seems to be a big focus on all the stock forums on small caps, energy, mining and speculative companies. 

[Luxor69]

How about this asessment? PB 3 months ended March 31 EBITDA $30.9M on 1.251 billion = 2.47% gross margin Net Earning $20.4M on 1.251 billion = 1.79% net margin Cheers